📡 A new Georgia state Senate bill would exempt NIL compensation received by college athletes from the state income tax if passed.
- Thread starter RTB X Bot
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TerryP
Staff
Yes, and no. If they are recruiting head to head against Florida? No. There is no advantage.
50+yeartidefan
Member
TerryP
Staff
UGA is competing against A&M, TX, UT, Vandy, and UF (just within the SEC) here. If this passes in Georgia, expect it to pass in other states as 1/3rd of the SEC schools would have this benefit.
OldPlayer
Member
It won’t be evaluated on a state-by-state basis. Does it give an advantage at all? Georgia schools compete with Alabama, Mississippi, Louisiana, South Carolina, Virginia, Ohio, California, Oklahoma, Pennsylvania schools and more. If NIL is treated as income, Florida, Tennessee, Nevada, Texas, Wyoming, Washington already don’t have state income taxes.
TerryP
Staff
A player has an offer from Florida and Georgia and he's looking at his possibilities with NIL income. In GA, he gets taxed. In FL, he doesn't. He would be evaluating his offer on a state by state basis: literally one versus another.
They are trying to "even the playing field" while creating an advantage over some other states: like Alabama.
In a sense it is no different than kids going to a Mississippi school and not having to deal with out of state tuition fees. It's an advantage.
50+yeartidefan
Member
Dont know how other states handle "no income tax". But Tennessee's is in the state constitution..... lol...... virtually impossible to change.....
One former governor suggested an income tax...showed up at a UT football game...they boo-ed him outta the stadium.......only time i ever cheered for-the Vols nation
OldPlayer
Member
I know how it works. When the law was created in these no income tax states, it had nothing to do with NIL. It applied to everyone making money in the state. Georgia will need to apply the law to everyone, not just college athletes.
Kamikazi18627
Member
I think "un-fair" recruiting advantage went out the window when Ohio State paid their players $20 million or so last year.
TerryP
Staff
Your thought, or is that legislation?
TerryP
Staff
The number being floated around for the cap on revenue sharing is just under 20 million per school. If St. Aunt Mary's Northwestern doesn't have the 20 million, but St. Uncle Rico South does...advantage for Rico and his Mountaineers.
OldPlayer
Member
As a Georgia resident I’ll be pissed if a law benefits a specific group over others.
TerryP
Staff
I can understand that.
With states already passing laws specifically for NIL reasons I don't see that being an issue (only for athletes.) IF they passed that only for college athletes I'd be pissed and behind measures to make it state wide, for everyone.
